Results 1 to 18 of 18
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12-05-2014, 01:53 PM #1
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"A paper" and "B/C" lenders
How've your experiences been dealing with the "A paper" type lenders:
- MCC
- CAN
- TBB
- GRP
- SFS
and "B/C Paper":
- Rapid
- Retail
- Max
- Everest
etc.
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12-05-2014, 02:18 PM #2
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GRP is basically the same as CAN but CAN will pay more, Rapid and Retail are good, Some people like SFS but I don't do anything there, MCC is great, CAN some people like but again I don't really fund there and also I like ODC. Max is terrible. No technology or systems, no way to track deals and commissions, etc.... Everest I don't know well but I do know their comm structure is just average.
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12-05-2014, 03:25 PM #3
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Great insight Jared, thanks. Any others you would recommend?
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12-05-2014, 05:24 PM #4
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12-05-2014, 05:43 PM #5
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"A paper" and "B/C" lenders
max pays out on the funded amount. I like them over anyone.
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12-08-2014, 11:29 AM #6
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Everest's Commission structure includes 100% of the original commission on renewals - which is not average.
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12-08-2014, 11:34 AM #7Christina Rossi
Business Development
Account Executive
Tel: 866-629-4464 ext 229
Fax: 917-368-6943
Crossi@maxadvance.com
www.maxadvance.com
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12-08-2014, 01:34 PM #8
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Everest typically offers the highest principal amount once you hit D paper (in my experience) and wire commissions next day. They are tough to beat in that space.
There are a number of "must have" lenders that are not on your list (from A paper to F paper), but I don't think anyone is just going to gift you that information. As a broker it is important to go through your own trial and error process with lenders in order to have an adequate understanding of their UW parameters and identify those you will do the majority of your business with moving forward.
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12-08-2014, 02:53 PM #9
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I know your only asking about the lenders you have in your tier but I've been picking at this subject for a while- I tried to break it down because even though everyone breaks lenders into tiers- What is the TRUE definition of each tier? Are there subs under those tiers? Everyone has their bucket lists and I believe it is all about the market you go after. If you don't have a strategy or know what you want to do, you really end up in a cluster and ask others for deal placement tips. With that being said- You honestly cannot go wrong with the lenders that "Loan" posted because the variation in what they accept. I would add a few just to mix it up... I don't want to give them all away but I would sign up with A- CapRock too... for B paper - Quarterspot for your "B" paper and for seconds (and b/c their transparency and process is refreshing along with fantastic Rates and Terms) - Lendini has provided very good offers and it doesn't hurt that it comes 10 points built in.
Again, it goes back to what you are doing. Are you working off of UCCs? Are you buying leads? What area? Industry are you targeting?
PM me- let's chat!
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12-08-2014, 03:00 PM #10
In this order:
B of I / Celtic Bank
Smartbiz / Fundingcircle
CAN
MCC
Retail
QB
Everest
Pearl/YSZachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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12-08-2014, 03:38 PM #11
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12-08-2014, 04:12 PM #12
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Which Everest is being referred to? There's at least 5 MCA lenders called Everest.
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12-08-2014, 05:11 PM #13
Fast business funding.
Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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12-08-2014, 08:47 PM #14
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Any good D/F lenders other than YS/Pearl?
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12-09-2014, 10:41 AM #15
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SFS is the way to go for A/B paper, I syndicate a few points in every deal I do there
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02-01-2015, 04:38 PM #16
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..
Last edited by MCAFunds; 02-07-2015 at 12:00 AM.
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02-02-2015, 12:46 PM #17
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Ive funded a lot with Max Advance recently and love how they pay on the payback. To be honest never heard of maxmerchantfunding.com
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02-02-2015, 01:13 PM #18
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Sign-up with Cresthill Capital and receive "Double Digit" commissions, that's RIGHT!! (new 2015 structure!). same on renewals!!
we specialize is funding B/C/D paper/ construction/ Home based/ logistics/ trucking/insurance agencies/ NO auto sales . we also have a micro-funding-program (less invasive underwriting model) making aggressive offers from 2K and up (CA. minimum 5k).
Fast underwriting with fewest stips commissions paid Tuesday and Thursday
bizdev@cresthillcapital.com
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